XRP: The Mother of all Fractals
Again, this is NOT Elliot Wave, but the labels are being used to help you identify each location of the correction.
In my opinion, XRP's price had been copying it's own corrections from the past, and also, I would argue that it was following Bitcoin's correction from 2013-15 as well. But eventually, those comparisons began to break down...AND THEY DID BREAK DOWN!!! So, here has been a comparison that I have been holding onto, in anticipation of that break down.
Fractals are a tricky thing! And it's important to realize that they DO break down at some point! Also, I wouldn't expect XRP's price to follow Silver's next Bull run, it may appear similar for awhile, but it will most likely diverge from it, and use a different path going higher!!!
You're welcome! (To those that view my charts and don't bother to click the like button) How rude! LOL!
In my opinion, XRP's price had been copying it's own corrections from the past, and also, I would argue that it was following Bitcoin's correction from 2013-15 as well. But eventually, those comparisons began to break down...AND THEY DID BREAK DOWN!!! So, here has been a comparison that I have been holding onto, in anticipation of that break down.
Fractals are a tricky thing! And it's important to realize that they DO break down at some point! Also, I wouldn't expect XRP's price to follow Silver's next Bull run, it may appear similar for awhile, but it will most likely diverge from it, and use a different path going higher!!!
You're welcome! (To those that view my charts and don't bother to click the like button) How rude! LOL!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.